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2017 July

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36 views2 pages

2017 July

Past papers

Uploaded by

livingstonmungai6
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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easytvet.com 2001104 2907/05 2902/105 2909/1058 2903/1058 2924/1005, 2906/1058 2926/105 ECONOMICS July 2017 Time: 3 hours THE KENYA NATIONAL EXAMINATIONS COUNCIL DIPLOMA IN SECRETARIAL STUDIES: DIPLOMA IN SALES AND MARKETING DIPLOMA IN SUPPLY CHAIN MANAGEMENT DIPLOMA IN BUSINESS MANAGEMENT DIPLOMA IN ROAD TRANSPORT MANAGEMENT DIPLOMA IN INVESTMENT DIPLOMA IN CO-OPERATIVE MANAGEMENT DIPLOMA IN HUMAN RESOURCE MANAGEMENT MODULE! FCONOMICS 3 hours INSTRUCTIONS TO CANDIDATES, This paper consists of SEVEN questions er any PIVE questions in the answer booklet provided. All questions carry equal marks. Candidates should answer the questions in English, This paper consists of 2 printed pages, Candidates should check the question paper fo ascertain that both Pages are printed as indicated and that ne questions are missing. ©2017 The Kenya National Examinations Council Turn over 1 @) (by 2 @ (b) 3. fa) ) 4, (a) (b) 5. fa) tb) 6. f@) (by 7. ) (by 2901/104 2906/1058 2924/105 duly 2017 easytvet.com There are certain functions that commercial banks perform for business enterprises. Outline these funetions. (10 marks) One of the possible structure that a market can assume is the perfect competition. Describe the features of this market structure. (10 marks) With the aid of a diagram, describe the effect of a shift in the demand curve of a commodity on its equilibrium price. (8 marks) Many developing countries experience high levels of unemployment. Explain the causes of such high levels of unemployment, (12 marks) Explain the different types of elasticity of supply. (10 marks) ‘There are certain limitations associated with the use of national income figures for making comparisons on the economic performance of different countries. Highlight these limitations, (10 marks) There are certain factors that may determine the consumption function in a country. Explain these factors (10 marks) Country Z has been experiencing a persistent balance of payment deficits. Explain the measures that the country could take to alleviate the problem, (10 marks) Land as a factor of production possesses certain characteristics. Outline these characteristics, (10 marks) There are certain economic goals that most developing countries seek to attain. Highlight these goals. (10 marks) There are certain principles that a good tax system in a country should uphold. Explain these principles. (10 marks) Explain the factors that may determine the prices of agricultural products in a country, (10 marks) There are certain conditions that make it ideal for countries in a region to engage in economic imegration, Explain these conditions. (10 marks) Country ¥ has been experiencing rising levels of inflation in the recent past. Explain the consequences of such inflation. (10 marks) ‘THIS IS THE LAST PRINTED PAGE. 2902/1058 —-2903/105 2 2907/105 —-2909/105 2926/4105

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